Published: 20 November 2020
Net1 International – Senior Management Change
Oslo, 20 November 2020 – Net1 International Holdings AS (“Net1 AS”, the “Group”, NOTC Ticker: Net1) announces that Amit Vithlani, its Chief Executive Officer, will be leaving the organization due to unforeseen personal issues. The Board of Net1 AS intends to appoint JD Fouchard as interim CEO of the Group.
“On behalf of the Board of Net1 AS, I would like to thank Amit for his contributions to the Group and especially taking the lead in securing the financing facilities. Our senior management in Indonesia will continue to build on the foundation that has been put in place,” said Trygve Lauvdal, Director.
“I want to thank Amit for his guidance and direction, he has made an indelible impact on the Group. Our objective remains to grow and continue to improve internet access in rural Indonesia.” said Andri Pranata, Net1 Indonesia’s CEO.
Net1 AS recently closed a $75.5m secured debt facility for its subsidiary, Mobile Internet Holdings B.V (“MIH”) which provided an additional $35m of new long-term funding, all expiring in 2027.
ABOUT NET1 INTERNATIONAL
Net1 International has investments in 4G LTE operations in Philippines and Indonesia.
Indonesia has a population of 261 million, and Net1 Indonesia has a total 15MHz of bandwidth on the LTE-enabled 450MHz band.
Philippines has a population of 104 million, and Net1 Philippines now has a spectrum portfolio consisting of: 20 MHz bandwidth on the LTE-enabled 450MHz frequency in addition to the 20MHz it owns in the 3.5GHz band. It also owns 200MHz on the 24450MHz-24650MHz band.
You might also be intrested in
Net1 International AS listed on NOTC
Net1 International AS listed on NOTC 11 October 2018 – Net1 International Holdings AS (Net1 International) has today…Read more
Net1 International: new board member
17 October 2018 – An extraordinary general meeting in Net1 International Holdings AS (Net1 International) has elected Mr….Read more
Net1 International: Notice of extraordinary general meeting
19 November 2018 – The Net1 International Holdings AS board of directors calls for an extraordinary general meeting…Read more
Net1 International Holdings AS: EGM notice 29 November 2018 – The Net1 International Holdings AS board of directors…Read more
Net1 International: EGM minutes On December 6, 2018 at 10:00 hours CET an extraordinary general meeting was held…Read more